Question: 7 Please Help Transcribed image text Croy Incorporated has the following projected sales for the next five months: Month Apr i 1 May June July
7 Please Help


Transcribed image text
Croy Incorporated has the following projected sales for the next five months: Month Apr i 1 May June July August Sales in Units -1 3,480 3,870 4,550 4,105 3,940 Croy's finished goods inventory policy is to have 50 percent of the next month's sales on hand at the end of each month. Direct materials cost $2.80 per pound, and each unit requires 2 pounds. Direct materials inventory policy is to have 50 percent of the next month's production needs on hand at the end of each month. Direct materials on hand at March 31 totaled 3,675 pounds. Required: 1. Determine budgeted production for April, May, and June. 2. Determine budgeted cost of direct materials purchased for April and May. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Determine budgeted production for April, May, and June. Note: Do not round your intermediate calculations and round your final answers to the nearest whole number. April Budgeted Production (Units) May Required 1 June Required 2
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
